On June 17, the Board of United Business Media (UBM;
London) said that discussions with Informa Group (London) regarding an
all-share merger have ceased.
On June 17, the Board of United Business Media (UBM; London) said
that discussions with Informa Group (London) regarding an all-share
merger have ceased. UBM said it had been in discussions with Informa
beginning "several weeks prior" to a June 8 announcement
confirming that the discussions were taking place. The company remains
of the view that a merged company could "deliver significant
benefits to both UBM and Informa shareholders (and) provide enhanced
services to its customers" but it has been unable to "agree to
terms with Informa that would be in the best interests of UBM
shareholders." The company said it reserves the right to make or
participate in an offer or possible offer for Informa within the next
six months.
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